Industrial Excellence: a Key Driver for Regional Success thumbnail

Industrial Excellence: a Key Driver for Regional Success

Published Aug 24, 26
4 min read


Verifying the development of AI in the area, a report released by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the area utilizing it in their jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and growth," stated the report.

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Leading magnate, policymakers and investors from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, investors, and market specialists went to the very first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for essential items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can benefit from the altering patterns of international demand and what role Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as a details and research study centre, by offering business documentation, providing legal services, assisting in networking chances via signature organization events and providing nearly every imaginable company service, it mentioned.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid but slow somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Reacting to a question on regional start-ups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low cost of energy, a very progressive government that is ahead in policy, policy and information privacy; and actually strong universities that are progressively looking at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.

Our biggest chauffeur right now is purchasing talent, since in the AI race, it's the technical talent that truly wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are very fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International development funds are can be found in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to attract talent; their innovation-first approach, abundance of capital here along with inflow worldwide are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.

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